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First California to Acquire Division of Palm Desert National Bank
Thursday, December 30, 2010 - 4:30pm | 122First California Financial Group, Inc. (NASDAQ: FCAL), the holding company of First California Bank, today announced that First California Bank has entered into a definitive purchase agreement to acquire the Electronic Banking Solutions (EBS) division of Palm Desert National Bank. Terms were not...
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M&I Announces Extension of Foreclosure Moratorium
Thursday, December 30, 2010 - 4:03pm | 75Marshall & Ilsley Corporation (NYSE: MI) today announced it has extended its foreclosure moratorium for distressed homeowners through March 31, 2011. The initial moratorium was announced on December 18, 2008, as part of M&I's Homeowner Assistance Program. The moratorium is on all owner-...
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BB&T names Borrello as Director
Thursday, December 30, 2010 - 2:39pm | 28BB&T Corporation (NYSE: BBT) today announced it has named Ralph Borrello as its Wealth Management sales and service director.
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Carolina Trust Bank Announces Underwriting Agreement
Thursday, December 30, 2010 - 12:01pm | 63Carolina Trust Bank (Nasdaq: CART) announced that it had entered into an underwriting agreement with McKinnon & Company, Inc., for the sale of approximately 312,000 shares of common stock sold in a community offering and approximately 1,588,000 shares of common stock sold in a public offering...
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KBW Has Outperform Rating On East West Bancorp Inc (EWBC)
Thursday, December 30, 2010 - 8:49am | 46KBW has an Outperform rating and a $20 price target on shares of East West Bancorp Inc (NASDAQ: EWBC) after the company announced it repaid TARP funds. Shares of EWBC gained 43 cents yesterday in after hours to close at $20.00.
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Fifth Third Bancorp (FITB) - Bull of the Day
Thursday, December 30, 2010 - 3:03am | 176We are upgrading our recommendation on Fifth Third Bancorp (FITB) to Outperform. We are encouraged to see the aggressive credit management efforts by the company and expect it to experience an improvement in credit quality in the upcoming quarters. The company's third quarter earnings were a...
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Fifth Third Bancorp (FITB) - Bull of the Day
Thursday, December 30, 2010 - 1:00am | 176We are upgrading our recommendation on Fifth Third Bancorp (FITB) to Outperform. We are encouraged to see the aggressive credit management efforts by the company and expect it to experience an improvement in credit quality in the upcoming quarters. The company's third quarter earnings were a...
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Webster Announces Repurchase of Remaining Balance of Preferred Stock from U.S. Treasury
Wednesday, December 29, 2010 - 5:48pm | 115Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced that it has repurchased today the remaining $200 million of preferred stock that was issued to the U.S. Department of the Treasury under its Capital Purchase Program ("CPP"). The repurchase follows...
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East West Bancorp Fully Exits TARP
Wednesday, December 29, 2010 - 5:16pm | 42East West Bancorp, Inc. (Nasdaq: EWBC) is pleased to announce today that it has fully repaid the $306.5 million of preferred stock issued to the U.S. Treasury Department under the TARP Capital Purchase Program.
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Tough Environment for Swing Traders 12-28-2010
Wednesday, December 29, 2010 - 3:17pm | 815Cusick's Corner The market continued to whip around unchanged to slightly positive levels for the remainder day -- the March S&P settled at 1254.25. This type of action can be expected for a holiday week, plus throw in the snowstorm out East which left many traders at home. It's been a tough...
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Fifth Third Upped to Outperform - Analyst Blog
Wednesday, December 29, 2010 - 3:03pm | 530We are upgrading our recommendation on Fifth Third Bancorp (FITB) to Outperform from Neutral. We are encouraged to see the aggressive credit management efforts by the company and expect an improvement in its credit quality in the upcoming quarters. Fifth Third's capital and reserve levels...
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Fifth Third Upped to Outperform - Analyst Blog
Wednesday, December 29, 2010 - 2:45pm | 530We are upgrading our recommendation on Fifth Third Bancorp (FITB) to Outperform from Neutral. We are encouraged to see the aggressive credit management efforts by the company and expect an improvement in its credit quality in the upcoming quarters. Fifth Third's capital and reserve levels...
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Glacier Bancorp, Inc. Announces Quarterly Dividend of $0.13/sh
Wednesday, December 29, 2010 - 2:07pm | 42Glacier Bancorp, Inc.'s (Nasdaq: GBCI) Board of Directors, at a meeting held on December 29, 2010, declared a quarterly dividend of $.13 per share. The dividend is payable on January 20, 2011, to owners of record on January 11, 2011.
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Morning Market Losers (KGJI, BCOM, ABVA, ULBI)
Wednesday, December 29, 2010 - 11:14am | 113Kingold Jewelry Inc (NASDAQ: KGJI) dipped 22.48% to $4.69 at 10:10 am. KGJI's shares have surged 412.71% over the past 52 weeks, while the S&P 500 index has gained 11.75% in the same period. B Communications Ltd (NASDAQ: BCOM) fell 20.00% to $28.88. BCOM's trailing-twelve-month profit margin is...
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Benzinga's Top Downgrades (WSBC, DRC, FCBC)
Wednesday, December 29, 2010 - 11:03am | 105WesBanco Inc (NASDAQ: WSBC) was downgraded by Stifel Nicolaus from "buy" to "hold." WSBC's stock closed at $19.82 yesterday. WesBanco's PEG ratio is 5.24. Global Hunter downgraded Dresser-Rand Group Inc (NYSE: DRC) from “buy” to “neutral.” DRC's shares closed at $43.09 yesterday. Dresser-Rand's PEG...